M&A Deal Summary

Team Health Acquires Florida Emergency Physicians Kang & Associates M.D.

On October 3, 2016, Team Health acquired staffing company Florida Emergency Physicians Kang & Associates M.D.

Acquisition Highlights
  • This is Team Health’s 7th transaction in the Staffing sector.
  • This is Team Health’s 35th transaction in the United States.
  • This is Team Health’s 5th transaction in Florida.

M&A Deal Summary
Date 2016-10-03
Target Florida Emergency Physicians Kang & Associates M.D.
Sector Staffing
Buyer(s) Team Health
Deal Type Add-on Acquisition
Advisor(s) Edgemont Capital Partners LP (Financial)
Waller (Legal)

Target

Florida Emergency Physicians Kang & Associates M.D.

Maitland, Florida, United States
Florida Emergency Physicians Kang & Associates, M.D., Inc. is an exclusive emergency medicine staffing provider for 11 facilities spanning five counties within the Florida Hospital health system. FEP comprises approximately 150 physicians and 100 advanced practice clinicians who provide care for 600,000 patients each year.

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Buyer(S) 1

Buyer

Team Health

Knoxville, Tennessee, United States
Category Company
Founded 1979
Sector Staffing
Employees18,800
Revenue 3.6B USD (2015)
DESCRIPTION
Team Health's corporate headquarters in Knoxville, Tennessee.
Team Health's corporate headquarters in Knoxville, Tennessee.

Team Health is a provider of outsourced healthcare professional staffing and administrative services to hospitals and other healthcare providers in the United States. Team Health was formed in 1979 and is based in Knoxville, Tennessee.

DEAL STATS #
Overall 35 of 39
Sector (Staffing) 7 of 9
Type (Add-on Acquisition) 33 of 37
State (Florida) 5 of 6
Country (United States) 35 of 39
Year (2016) 8 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-15 EmMed PC

Bay City, Michigan, United States

EmMed PC is a provider of care to approximately 44,000 patients each year through staffing and management of the emergency department at McLaren Bay Regional Hospital.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-01 Synergy Emergency Physicians

Toledo, Ohio, United States

Synergy Emergency Physicians, Inc. is a provider of healthcare services to approximately 40,000 patients each year.

Buy -
Mergr

Product

Company

Legal